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EV firm Ather Energy saw its losses grow 22 pc to Rs 1,060 crore in FY24 Electric vehicle (EV) company Ather Energy, aiming to raise more than Rs 3,100 crore via its initial public offering (IPO), saw its losses widen 22 per cent to Rs 1,060 crore in FY24, as its operating revenue declined 1.5 per cent to Rs 1,753.8 crore (year-on-year) in the last fiscal.  The electric two-wheeler firm spent Rs 2,674.2 crore in FY24. As per its draft red herring prospectus (DRHP) filed with the markets regulator SEBI, the revenue decline was due to reduction in the subsid...
EV firm Ather Energy saw its losses grow 22 pc to Rs 1,060 crore in FY24
EV firm Ather Energy saw its losses grow 22 pc to Rs 1,060 crore in FY24
Source: IANS
2024-09-12 11:45:06 am
Indian electric two wheeler-maker Ather Energy files for $370 million IPO Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather is sellin...
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Source: Reuters
2024-09-09 12:54:41 pm
Ather Energy Harnesses Qlik`s Power for Data Insights  Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced that Ather Energy, one of India’s leading electric scooter manufacturers based in Bengaluru, India has deployed Qlik Sense® to transform its user experiences and streamline intricate data analysis to bolster strategic decision making.   Through Qlik, Ather Energy manages extensive data dispersed across multiple sites, drivin...
Ather Energy Harnesses Qlik`s Power for Data Insights
Ather Energy Harnesses Qlik`s Power for Data Insights
Source: PR Agency
2024-07-11 05:29:45 pm
Hero MotoCorp gains on getting nod to purchase additional 2.2% shares of Ather Energy Hero MotoCorp is currently trading at Rs. 5592.05, up by 57.95 points or 1.05% from its previous closing of Rs. 5534.10 on the BSE. The scrip opened at Rs. 5599.15 and has touched a high and low of Rs. 5636.35 and Rs. 5540.00 respectively. So far 5281 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5777.40 on 05-Jun-2024 and a 52 week low of Rs. 2746.00 on 20-Jun-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains on getting nod to purchase additional 2.2% shares of Ather Energy
Hero MotoCorp gains on getting nod to purchase additional 2.2% shares of Ather Energy
Source: Accord Fintech
2024-06-07 12:17:22 pm
39 Indian startups secure over $387 million this week amid volatility Funding in the Indian startup ecosystem continued unabated this week despite volatility in stock markets over weak global cues.   At least 39 startups in the country secured more than $387 million, which included 13 growth-stage deals and 20 early-stage deals. Within the growth-stage deals, 13 startups raised $309.7 million in funding, reports Entrackr. Bengaluru-based startups led the tally with 15 deals, followed by Delhi-NCR, Mumbai and Hyderabad. Deep-tech startup SEDE...
39 Indian startups secure over $387 million this week amid volatility
39 Indian startups secure over $387 million this week amid volatility
Source: IANS
2024-06-02 09:24:42 am
India must keep e-scooter subsidies to boost adoption, Ather CEO says India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy r...
India must keep e-scooter subsidies to boost adoption, Ather CEO says
India must keep e-scooter subsidies to boost adoption, Ather CEO says
Source: Reuters
2024-04-08 09:32:30 am
Hero MotoCorp acquires extra 3% stake in Ather Energy for Rs 140 cr  Hero MotoCorp has acquired an additional 3 per cent stake in electric vehicle manufacturer Ather Energy for nearly Rs 140 crore. Hero MotoCorp made the investment through the purchase of additional shares from existing shareholders of Ather Energy, according to regulatory filings. Hero MotoCorp now has a 39.7 per cent stake in Ather Energy. In September, Ather raised Rs 900 crore from Hero MotoCorp and global investment firm GIC through a rights issue. Ather is reportedly ge...
Hero MotoCorp acquires extra 3% stake in Ather Energy for Rs 140 cr
Hero MotoCorp acquires extra 3% stake in Ather Energy for Rs 140 cr
Source: IANS
2023-12-15 12:25:11 pm
India developers seek to cash in on soaring EV sales with residential chargers  More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales. While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says. The world's most populous nation is aiming t...
India developers seek to cash in on soaring EV sales with residential chargers
India developers seek to cash in on soaring EV sales with residential chargers
Source: Reuters
2023-11-07 09:58:13 am
Ather Energy, Ola Electric see lukewarm response from investors Despite gaining significant market shares, Indian electric two-wheeler (E2W) market leaders like Ola Electric and Ather Energy are witnessing a lukewarm response from investors amid heavy losses and regulatory uncertainties, the media reported.According to Nikkei Asia, industry executives view the lukewarm response to Ola and Ather's fundraising ?as a warning sign despite the startups' rapid growth? while green mobility is considered a sunshine sector.Ather Energy "resorted to a rights issue ...
Ather Energy, Ola Electric see lukewarm response from investors
Ather Energy, Ola Electric see lukewarm response from investors
Source: IANS
2023-10-08 11:10:41 am
EV firm Ather Energy`s losses swell 2.5 times to reach Rs 865 cr in FY23 Hero MotoCorp-backed electric vehicle (EV) company Ather Energy?s losses surged more than 2.5 times in the financial year 2022-23.The EV startup reported a loss of Rs 864.5 crore in FY23, against a loss of Rs 344.1 crore in FY22, according to its annual financial statements filed with the Registrar of Companies (RoC).Ather?s total expenses more than tripled to Rs 2,670.6 crore from Rs 757.9 crore in FY22, despite strong sales.The surge in losses reported even after the firm?s revenue from ope...
EV firm Ather Energy`s losses swell 2.5 times to reach Rs 865 cr in FY23
EV firm Ather Energy`s losses swell 2.5 times to reach Rs 865 cr in FY23
Source: IANS
2023-09-24 02:11:08 pm